AidCoin is described as a private Blockchain created from decentralized finance (DeFi) and immutable Tokens (NFT). In this article, as Kriptokoin.com, “What is AidCoin?” We will answer the question. In addition, we will touch on other questions about the project.
What is AidCoin? What does it do?
AidCoin is a decentralized application based on the Ethereum Blockchain. AID is AidCoin’s native Token. Its mission is to help charities easily receive cryptocurrency donations. The team behind AidCoin, Charity Stars, is based in Switzerland. With the funds raised, it has the goal of creating a platform that can use Blockchain technology to track how donations are used. The company plans to leverage smart contracts to hold charities accountable and Blockchain to keep records transparent.
The AidCoin platform is a complete ecosystem. A Token used for payments is an internal exchange that converts big coins into AidCoins. It also consists of an audience that helps you stay up to date on how your donations are used. The AidCoin platform is known collectively as AidChain. With 100 million Tokens set as its maximum supply, AidChain aims to revolutionize the humanitarian industry through better financial management. The tokens have yet to gain any meaningful value, but the AidChain platform has been gaining attention since the beginning of the year.
In April 2018, AidCoin Charity Stars team met Real Madrid football player Cristiano Ronaldo. He received a donation of $36,000 in Bitcoin. Thanks to the meet, AidCoin and its platform quickly became popular. The AidChain community also met with the Wikipedia Foundation, which organizes conferences in the US and Europe. Although conferences and meetups have not greatly helped increase AidCoin prices; They helped spread the project.
AidCoin is getting more and more hype. However, Charity Star’s first mission is to popularize their company with potential donors and show them how they can help improve the way donations are managed. If the platform can increase adoption, especially among large corporate donors, charities willing to be held accountable will increase. As a result, the value of AidCoin Token will also increase. AidCoin has a current supply of 42,547,118.7 with 42,547,118.13964261 in circulation.
How does AidCoin work?
Through the AidChain ecosystem, donors can purchase Bitcoin and other popular cryptocurrencies and AidCoin tokens for free. Charities, on the other hand, can get a payment gateway to set up on their website. Donations made to a charity in partnership with AidChain using AidCoin tokens are then recorded in a special digital ledger.
Charities have the ability to report on the use of donations they receive at different stages of implementation. In addition to self-reporting, the AidCoin platform will offer space for third-party reporting by NGO oversight organizations such as GuideStar and Charity Navigator. But before donation funds are sent to charities, recipients are held in smart contracts until they meet predetermined conditions by the donors.
What is AidCoin? How to buy AID?
AidCoin is currently traded on a small number of cryptocurrency exchanges. The exchanges where AidCoin is traded are listed as follows: Bancor Network and PancakeSwap. People who want to invest in the project should open an account in one of the exchanges where the project is traded.
